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South India's cotton yarn bearish, fabric may get support in Mumbai

Cotton yarn prices in Mumbai were steady. “The cotton market may not find support for now because power loom owners can reduce their purchase of raw materials. However, fabric production may decline, giving support to the market. Muslim workers dominate Maharashtra’s textile hubs, and they may go on leaves during Ramadan,” Jai Kishan, a trader from Mumbai told Fibre2Fashion. 

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. The ** combed warp was priced at &#****;***-*** per kg, ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg, **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg and **/** count combed yarn (warp) was priced at &#****;***-*** per kg, according to Fibre2Fashion’s market insight tool TexPro.